Yes. When a user mints 1 frxETH by depositing 1 ETH, some of the ETH gets put to work as protocol owned liquidity through the Curve AMO rather than all of it being used to spin up validators. There’s literally nothing wrong with this since the ETH still fully backs frxETH and the CR remains at 100%. Jasper says some really stupid things, but this takes the cake for dumbest grievance. Like I said, it’s all a grift for him.
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